Gatehouse completes sale of data centre for £28.1 million
LONDON, 16 December, 2015: Gatehouse Bank plc (“Gatehouse”), the London-based investment bank is pleased to announce the sale of a data centre located in the South East of England to clients of AXA Investment Managers - Real Assets. Gatehouse acquired the data centre in 2011. Since acquisition, the asset has provided investors with an attractive yield and a profitable exit.
Abdulaziz AlDuweesh, Chief Investment Officer said “Consistent with our approach, we entered the market for data centres ahead of others. Today, this is a well-accepted asset class, and the market for well-let data centres is strong. We are pleased to provide investors with an excellent return on their investment.” He added: “This transaction is the latest in a series of successful exits for our investors. The data centre is one of many unique investment opportunities which we have provided to our clients. Gatehouse’s reputation for high-quality investments is well-earned. We remain excited about the opportunities before us and look forward to a number of other positive announcements around our investment activity in the coming months.”
Gatehouse was advised by DTZ in this transaction.
- Mustafa Dubaissi joins the bank as an expert in the Build To Rent sector
- Nisha Raj joins the Bank’s real estate division from law firm Taylor Wessing